Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $470.00 at JPMorgan Chase & Co.

Domino’s Pizza (NYSE:DPZ) had its target price reduced by JPMorgan Chase & Co. from $475.00 to $470.00 in a report issued on Friday morning, The Fly reports.

DPZ has been the topic of several other research reports. Robert W. Baird reduced their target price on shares of Domino’s Pizza from $582.00 to $570.00 and set an outperform rating on the stock in a research note on Friday, October 15th. Loop Capital assumed coverage on Domino’s Pizza in a report on Tuesday, October 5th. They issued a buy rating and a $475.00 price target for the company. Jefferies Financial Group dropped their price objective on Domino’s Pizza from $522.00 to $500.00 and set a hold rating for the company in a report on Friday, October 15th. Bank of America assumed coverage on Domino’s Pizza in a report on Tuesday. They set a buy rating and a $642.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective on Domino’s Pizza from $600.00 to $565.00 and set an outperform rating for the company in a report on Friday, October 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $512.92.

DPZ opened at $473.04 on Friday. Domino’s Pizza has a fifty-two week low of $319.71 and a fifty-two week high of $567.57. The firm’s fifty day moving average price is $525.87 and its two-hundred day moving average price is $507.03. The company has a market capitalization of $17.21 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.54 and a beta of 0.54.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 14th. The restaurant operator reported $3.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.13. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 13.34%. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $2.49 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza will post 13.64 earnings per share for the current fiscal year.

In related news, EVP Joseph Hugh Jordan sold 2,010 shares of the stock in a transaction on Thursday, October 21st. The stock was sold at an average price of $467.16, for a total value of $938,991.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 1,565 shares of the stock in a transaction on Thursday, November 4th. The shares were sold at an average price of $500.00, for a total value of $782,500.00. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. increased its position in Domino’s Pizza by 4.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,525 shares of the restaurant operator’s stock worth $4,066,000 after buying an additional 365 shares during the period. Budros Ruhlin & Roe Inc. increased its position in Domino’s Pizza by 1.5% during the 3rd quarter. Budros Ruhlin & Roe Inc. now owns 1,843 shares of the restaurant operator’s stock worth $879,000 after buying an additional 28 shares during the period. Ibex Investors LLC bought a new position in Domino’s Pizza during the 2nd quarter worth $1,679,000. Mn Services Vermogensbeheer B.V. increased its position in Domino’s Pizza by 1.1% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 28,800 shares of the restaurant operator’s stock worth $13,736,000 after buying an additional 300 shares during the period. Finally, Fisher Asset Management LLC increased its position in Domino’s Pizza by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 373,226 shares of the restaurant operator’s stock worth $178,014,000 after buying an additional 3,255 shares during the period. Hedge funds and other institutional investors own 91.23% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

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